occupancy

Hotels cannot simply shut down again amid spikes, but they also cannot stay profitable without raising occupancy rates – the traveler pool is smaller now

A Staycation allows you to effectively fulfil your role as part of the local chain of the industry and supplement the revenue imbalance caused by lockdown

Spain hotel occupancy levels are starting to show signs of slight recovery after lifting restrictions. The market saw it highest occupancy level on 11 July

Hoteliers are more optimistic toward Q4, with more than 70% of the hotels expect to see the occupancy reaching at least 45% in November and December

It’s been interesting to monitor the extent to which hotel reopenings have stayed on track with initial plans and how demand has responded to the reopenings

For the moment, hotels will rely almost entirely on rooms revenue because, thanks to social distancing, things like restaurants and spas will be eschewed

Considering hotel availability alongside the average price YoY, it shows signs of confidence as hotel availability projected to meet last year availability

It is important to consider what occupancy rate will allow a hotel to sustain operations, with the hope break-even occupancy rate is only short-term

For each examined market, the monthly progression of both captured room nights and occupancy levels, for all three scenarios, is depicted in the following graphs

In order to drive the most revenue possible at your hotel, it is important to adjust your market mix according to periods of high and low occupancy. Here’s how to do just that